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Leasehold

1. No outright rights, hence cheaper

2. No legal issues as they are owned by local authorities with clear titles

3. Limited control, so no hassle of finding a buyer.

Freehold

1. Full ownership gives the owner complete control over the property

2. The owners enjoy rent benefit as they need not pay any ground rent

3. Easy to buy and sell, since the owner has all the rights


Palava megacity is the fastest growing city in Dombivali, it has already completed phase-1 where there are rental 1 BHK , 2 BHK and 3 BHK in palava city. Now they have started phase 2 in which you can buy row houses or flats in projects like Trinity phase 2. Bright real estate consultants who are the oldest and the official brokers of Palava are here to help you to understand your requirements and show you the house of your dreams.


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Usually properties in India get the ownership in two ways which is freehold and leasehold.

Leasehold: In this the property is owned by the state government and the local authorities. They give this property for lease for 30-999 years. Once the lease tenure is over, the ownership again comes back to the land owners.

Freehold: A freehold property makes the buyer outright owner of the property, and there is no time limit for this ownership. Freehold properties must be immovable assets and can be inherited.

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One of the additional ways to earn money from property apart from renting house is allowing advertisement hoardings and renting mobile towers. Here are pros and cons of allowing a mobile towers on your property.

Pros:

1. You will get a steady flow of income ranging from 10,000 to 1 lakh per month in metro cities like Mumbai.

2. One term agreement may vary from 12 months to years and a 10-15 % hike over the period of time.

3. Some mobile companies give perks such as free calls and internet facilities.

Cons:

1. Cell towers may increase the risk of cancers, there may be other side effects such as headaches, memory loss and cardiovascular stress.

2. Aesthetic appearance of the building.

If you are looking to buy a 2 BHK or 3 BHK flats in Palava megacity phase 2 or want to rent your resale your flat then the best way is to go through a consultants such as Bright real estate consultants, who are the official partners in Lodha group, they are also the oldest brokers in Palava.

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